Perspectives Climate Research leads policy brief on climate clubs in the context of the German G7 presidencyPerspectives’ Axel Michaelowa and Philipp Censkowsky are leading the elaboration of a policy brief on the design of climate clubs in the context of the ThinkTank7 process providing input for the German G7 presidency. The policy brief discusses how collaboration of countries in the context of a climate cub, a concept launched by the German government in 2021, can be made inclusive and involve the use of international carbon markets. A key challenge of such clubs is the way how they protect internal carbon pricing against international competitors through border adjustments. The group of authors includes researchers from the Kiel Institute of World Economy, the German Energy Agency and the German Institute for Development.
ECBI Key Cop26 Outcomes reportA new report by ECBI assesses the outcomes of the Glasgow Climate Summit on the level of political ambition it achieved as well as what it delivered on finance, loss and damage, transparency, common time frames, Article 6, and adaptation. The report explains and evaluates key formal COP and CMA decisions, as well as the pledges and promises by various coalitions on issues ranging from coal to cars, methane to forests. Authored by experts with many years’ experience following the UNFCCC negotiations, including Perspectives authors Axel Michaelowa and Aglaja Espelage, the report features quotes and insights from ecbi’s network of negotiators and delegates who attended COP26. Read the full report here.
*Photo courtesy IISD/ENB | Mike Muzurakis
Reducing emissions in Georgian buildings – designing an Article 6.2 pilot with SwitzerlandPerspectives has been commissioned to develop a mitigation activity design document (MADD) for a programme to mitigate emissions from buildings in Georgia. Together with its partners TNC, who developed the Swiss buildings efficiency programme in the 2000s, and the Georgian Energy Efficiency Centre, Perspectives will elaborate an approach including calculation of the mitigation and designing the financial instrument(s) underpinning the action. Large parts of Georgia’s building stock date from the Soviet period and have notoriously high energy consumption. Georgian buildings legislation is now aligned with that of the EU, but finance to actually achieve high energy efficiency in new and refurbished buildings is lacking. The programme is undertaken by the Swiss KliK foundation which is the Swiss vehicle to develop Article 6.2 pilot activities. In 2021, Switzerland and Georgia had signed a bilateral agreement for cooperation under Article 6.2.
Perspectives provides input on international carbon markets in high-level Indian government consultations on domestic carbon market designOn 29 January 2022, Axel Michaelowa provided recommendations on how India could connect its envisaged domestic carbon market with international carbon markets in the context of a consultation of the Indian Ministries of Power and Environment with over 100 industry representatives. India, which had been a leading player under the Clean Development Mechanism, had remained on the sidelines until COP26 took decisions on Article 6 rules last November. In the consultation, industries pushed for a strong engagement of India in the Article 6 markets. Since 2021, Perspectives together with Deloitte has been supporting the Indian Bureau of Energy Efficiency to elaborate the design of a domestic voluntary carbon market.
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